Emini and Forex Trading Update:Wednesday September 16, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was a small bear doji day near the top of a 6 day tight trading range. The bulls are trying to break above last week’s high and then test 3500. But the bears […]
Emini minor reversal up from September selloff to 50 day MA
Emini and Forex Trading Update:Tuesday September 15, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini has been in a tight trading range for 5 days just above the 50 day MA. Even though it is likely working down to below 3200, it is oversold and at support. […]
Emini bulls want September reversal up from 50 day MA
Emini and Forex Trading Update:Monday September 14, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini on Friday finally dipped below the 50 day MA. I have been saying that many bulls would not buy until they saw a reversal up from below the 50 day MA. Friday […]
Emini September selloff testing 50-day MA
Market Overview: Weekend Market Analysis The S&P500 Emini futures tested the 50-day moving average today. It should try to bounce early next week, but traders should still expect the selloff to eventually reach 3000 – 3200. Bond futures are in the middle of a 6 month trading range. Traders are looking for reversals every few […]
Emini bulls want 2nd leg up from September sell climax
Emini and Forex Trading Update:Friday September 11, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini formed an outside down day yesterday. The bears are hoping that the bear trend is resuming. However, the bulls would like at least one more leg up after the 3 day sell […]
Emini strong minor bounce from September sell climax
Emini and Forex Trading Update:Thursday September 10, 2020 I will update again at the end of the day. Pre-Open market analysis Today is rollover day for the Emini. Most traders will trade September today and switch to December tomorrow. Yesterday reversed up strongly from Tuesday’s test of the July high. The bulls are hoping that […]
Emini September selloff testing support at February high
Emini and Forex Trading Update:Wednesday September 9, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday traded below last week’s low, which triggered a minor weekly sell signal. It is oversold on the daily and 60 minute charts and probably will bounce today or tomorrow. However, traders […]
Emini August buy climax should reverse down more
Emini and Forex Trading Update:Tuesday September 8, 2020 I will update again at the end of the day. Pre-Open market analysis Emini futures sold off Friday on the open, but reversed up from a parabolic wedge sell climax for the rest of the day, erasing more than half of Friday’s selloff. The selloff dipped below […]
SP500 Emini sharp selloff, Bonds reversal and EURUSD at resistance
Market Overview: Weekend Market Analysis The SP500 Emini futures sold off sharply for 2 days but bounced on Friday. The bounce might continue to above 3500, but traders expect a 2nd leg down to around 3200. Bond futures are turning down from a double top bear flag on the daily chart, but the yearlong trading […]
Emini huge reversal down from August buy climax
Emini and Forex Trading Update:Friday September 4, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini crashed on the 5 minute chart yesterday to below the open of the week. It began a reversal up from a 5 hour wedge bottom on the 5 minute chart in the […]
